The Two Policy Categories Offered by Property-Casualty Insurers That Are

question 96

Multiple Choice

The two policy categories offered by property-casualty insurers that are most likely to be subject to rate regulation are

• A)auto insurance and worker's compensation.
• B)homeowner multiple peril and commercial multiple peril.
• C)earthquake and flood.
• D)surety bonds and financial guaranty.
• E)product liability and farm owner multiple peril.

---

Definitions:

Definitive Set

A precise and unambiguous collection of elements or members with well-defined criteria of membership.

Trait Approach

A perspective in psychology that examines personality traits and how they influence human behavior and leadership.

Great Person Approach

A theory of leadership that assumes great leaders are born with innate qualities and not made.

Leaders' Traits

Innate characteristics and qualities that contribute to an individual's effectiveness in leadership roles, such as decisiveness, intelligence, and charisma.